Fonterra is raising its forecast milk price range to $8.40 to $9 per kilo of milk solids.

That's the highest in the co-op's history.

It's expected to contribute more than 13.2 billion dollars to the economy.

>> More Rural News

Other Rural News

31 Oct: Chris Luxon is defending Fonterra farmers, who've faced a scathing critique from Winston Peters

30 Oct: There are no guarantees Anchor, Mainland and Kapiti products will always be made with New Zealand dairy

30 Oct: Plenty at stake for Fonterra farmers, as they weigh up whether to sell the co-op's consumer brands

24 Oct: A senior analyst believes the sale of Fonterra's brands wouldn't be just a short term sugar hit

24 Oct: A belief the sale of Fonterra will benefit the sectors adjacent to the farming industry

22 Oct: Fonterra's announced a 75-million-dollar investment to expand butter production at its South Canterbury Clandeboye site

20 Oct: The Prime Minister's in favour of Fonterra's selling Anchor, Mainland and Kapiti - but says it's not his decision

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